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Jan 11, 2013
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the faa administrator. take a listen. >> from day one, we have worked with boeing to certify these systems and to further ensure that this innovative aircraft meets our high level of safety for the flying public. we believe this is a safe aircraft. >> in addition to that, the faa said they logged 200,000 hours of work during the certification of this airplane tight, flew on numerous test flights obviously. boeing executive guys saying that the problems, jim, are not caused by outsourcing and they welcome any changes that their regulators suggest. >> couldn't ask for more in terms of boeing dealing with this. this is a very complicated plane. i remember even when they first used the composites, that was a problem. now it's the ion -- lithium ion brat ris. i know it sounds mundane that they will fix this, but i've got to stick by that. this is one of the best manufacturers in the world. >> buy on the weakness? >> no, united technologies, ge, precision cast parts, you can buy so many aerospace plays. jets are
the faa administrator. take a listen. >> from day one, we have worked with boeing to certify these systems and to further ensure that this innovative aircraft meets our high level of safety for the flying public. we believe this is a safe aircraft. >> in addition to that, the faa said they logged 200,000 hours of work during the certification of this airplane tight, flew on numerous test flights obviously. boeing executive guys saying that the problems, jim, are not caused by...
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Jan 11, 2013
01/13
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, they would say why is the faa, so there's a little cya at the faa. >> they signed off on this, joe. they signed off on a lot of technology and processes that were new. >> and i think boeing is probably like ge, a six sigma -- you remember some of the number that's we used in six sigma, phil? it has to be three failures out of 10 million or something. with a lithium ion battery, i don't think you could accept three failures out of ten mill, could you? you have to have zero failures. >> right. and the other day when boeing held a conference call and the chief engineer for the dreamliner came out and said, listen, we've got over a million miles with these lithium ion batteries. this is the only incident. there are other electronics issues, whether it's the electrical panel on certain dreamliners that have been failing, whether or not it's a plane losing power. that's under review. but it's not like one is separate from the other. >> i just like it when i can get you to say battery peps it's a chicago thing, right? >> i'll do that if you tell me you're a six sigma green pelt. how about
, they would say why is the faa, so there's a little cya at the faa. >> they signed off on this, joe. they signed off on a lot of technology and processes that were new. >> and i think boeing is probably like ge, a six sigma -- you remember some of the number that's we used in six sigma, phil? it has to be three failures out of 10 million or something. with a lithium ion battery, i don't think you could accept three failures out of ten mill, could you? you have to have zero...
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Jan 8, 2013
01/13
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again, that's the faa back in 2007. take a look at what happened with boeing shares yesterday once these reports came out. stock took a huge hit. down 2% at the end of the day. and then when you take a look at boeing over the last year, some are going to say listen, it was due for some sort of a pullback and this was just the catalyst behind it, but there's no doubt, andrew, that the ntsb is looking at two things right now, the electrical issues that boeing 787s have been experiencing, and the reports of loss of power not only from united and qatar and then also this fire being in the electrical compartment yesterday. but also the lithium ion batteries. was this fire caused by those batteries? or was it caused by an electrical issue and then that caused the batteries to then have a problem? that's what they're investigating right now. and remember, this is a long haul aircraft that goes over the pacific ocean, the atlantic ocean. that's what it's designed for, to connect midsize cities. it's not like you can say well we
again, that's the faa back in 2007. take a look at what happened with boeing shares yesterday once these reports came out. stock took a huge hit. down 2% at the end of the day. and then when you take a look at boeing over the last year, some are going to say listen, it was due for some sort of a pullback and this was just the catalyst behind it, but there's no doubt, andrew, that the ntsb is looking at two things right now, the electrical issues that boeing 787s have been experiencing, and the...
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Jan 8, 2013
01/13
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way back in 2007 the faa issued special rules for the use of lithium im batteries because of the concern of flammability risk involving those batteries. this is the fourth dreamliner incident involving its electronics, or losing power, since december 4th. look at this timeline. back on november 4th, united took its first domestic 787 flight, at the time there had been no reports. a month later, a united flight going to niewark to houston, experienced mechanical problems, reporting a loss of power. cutter airways a few days later had to ground one of its 787 jets for what it said was a faulty generator. the 14th of december, united grounded the second of the four dreamliners due to a problem with an electrical panel. and the fire yesterday in boston. as you look at shares of boeing, keep this in mind, we may not have a ruling from the ntsb regarding the cause of this fire anytime soon. but we should pointed out, we have not seen any customers cancel orders with regards to the dreamliner and these problems. they still have a backlog of 800 orders. anytime you have a headline risk like this
way back in 2007 the faa issued special rules for the use of lithium im batteries because of the concern of flammability risk involving those batteries. this is the fourth dreamliner incident involving its electronics, or losing power, since december 4th. look at this timeline. back on november 4th, united took its first domestic 787 flight, at the time there had been no reports. a month later, a united flight going to niewark to houston, experienced mechanical problems, reporting a loss of...